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USD/JPY traded modestly higher in Asian hours near 109.90 as the yen lagged amid COVID-19 concerns in Japan. The US dollar index fell below 93.00 after Fed Chair Powell's dovish comments, and US 10-year yields dropped.
Dollar weakness after dovish Fed signals can marginally support dollar-denominated grain and oilseed prices, but the effect here is minor.
octaafrica.netAug 31, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
